bank
Definition
Establishment authorized by a government to accept deposits, pay interest, clear checks, make loans, act as an intermediary in financial transactions, and provide other financial services to its customers.
bank is in the Banking, Commerce & Finance and Corporate, Commercial, & General Law subjects.
bank appears in the definitions of the following terms:
setoff,
performance bond,
compliant documents,
classified loan,
payment processor,
World Bank,
Pigou effect,
point of sale terminal,
uninterruptible power supply (UPS),
facility
and
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